Economy, asked by maitreyasingh9902, 9 months ago

Show that net value added at factor cost is equal to the sum of factor incomes

Answers

Answered by palak5354

Explanation:

Sum of value added refers to the value of final goods and services produced in the economy during the period of one year. Net Value Added at Factor Cost implies cost of the factors of production in terms of rent, interest, profit and wages.

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